Exercise 6-2 Alternative cost flow assumptions-perpetual LO2 Urban Glam Cosmetics made purchases of lipstick in the current year as follows: Jan. 1 Beginning inventory Mar. 14 Purchased July 30 Purchased 103 units $14.00 390 units @ $15.00 $ 1,442 5,850 640 units $16.00 10,240 1,133 units Cost of goods available for sale $17,532 Units available for sale Urban Glam Cosmetics made sales on the following dates at a selling price of $34 per unit: Jan. 10 84 units Mar. 15 320 units Oct. 5 590 units Totals 994 units 13 Required: The business uses a perpetual inventory system.